Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the creation of potential antipsychotic and neuroleptic agents. Its structural features make it suitable for targeting specific receptors in the brain, aiding in the treatment of psychiatric disorders. Additionally, it is explored in medicinal chemistry for its potential in designing novel therapeutic agents with improved efficacy and safety profiles.